Lifeform Token (LFT) on Bybit Launchpad 3.0: Now Live

We're excited to announce that our latest Launchpad project, Lifeform Token (LFT).

About Lifeform Token (LFT)

• Token: LFT
• Price: 1 LFT Token = 0.03 USDT
• Total Allocated to Bybit Launchpad: 10,000,000 LFT
• MNT Pool: 5,000,000 LFT (Cap per subscriber: 10,000 LFT)
• USDT Lottery: 5,000,000 LFT (Allocation per user: 500 LFT, winning tickets: 10,000)

Website | Whitepaper | X

How to Join Launchpad 3.0

1. Snapshot Period: May 10, 2024, 12AM (midnight) UTC – May 14, 2024, 11:59PM UTC

• If you'd like to subscribe to token allocation: Your daily average balance of MNT must be equal to or greater than 50 MNT during this period, and your maximum allocation of new tokens will be determined.
• If you'd like to participate in the lottery: Your daily average wallet balance of USDT must be at least 100 USDT during this period. The more you trade, the more Lottery Tickets you can earn.

During this period, the daily average MNT and USDT balance in your Funding Account, Spot Account, and Derivatives Account (or Unified Trading Account and Inverse Derivatives Account) will be recorded through hourly snapshots.

In the Funding Account, USDT staked in Launchpool and Bybit Savings will be automatically counted toward your wallet balance snapshots. USDT staked in other products on Bybit Earn (e.g., Dual Asset or Liquidity Mining) will not be included.

In Derivatives Account, wallet balance will be counted. Please note that wallet balance may be affected by your realized PnL.

Your daily average balance snapshot and daily Spot trading volume for the current day will be updated at 3AM UTC on the next day. For more details about the daily average balance, please visit our Help Center [here](https://www.bybit.com/en/help-center/topic-list/spot-x#launchpad).

2. Subscription Period: May 15, 2024, 3:30AM UTC – May 15, 2024, 10:59AM UTC

• If you've chosen the subscription: You must click on the Commit Now button to commit a certain amount of MNT during this period. The minimum amount required is 50 MNT. You can subscribe multiple times.
• If you've chosen the lottery: You must click on the Commit Now button button to commit 100 USDT for the lottery. Each participant can earn up to four (4) tickets based on their Spot trading volume during the Snapshot Period.

The winning probability of each Lottery Ticket = (Total number of winning tickets / Total number of Lottery Tickets for this Launchpad project) * 100%. If you hold the maximum number of four (4) tickets, you’ll have four (4) equal chances of drawing a winning number. For example, if you have four (4) tickets and two (2) of them were selected as winning tickets, you will receive allocations for two (2) tickets.

The MNT or USDT you've committed will be locked, and cannot be accessed for transfers, withdrawals or trading until after the final distribution of the project tokens.

3. Distribution Period: May 15, 2024, 11AM UTC – May 15, 2024, 11:59AM UTC

• For token allocation subscribers: Your final token allocation = (Amount of MNT you've committed / Total amount of MNT committed by all participants) * Total amount of new tokens allocated for the project.

Based on your final token allocation result, the corresponding MNT equivalent will be deducted from your committed amount, while your new token allocation will go to your Spot Account (or Unified Trading Account), and the remaining MNT will be credited back to your Funding Account.

Please note that the maximum amount of new tokens you can receive has a hard cap. The amount exceeding that limit will be allocated to participants who haven't reached this cap.

• For Lottery Ticket holders: Each winning ticket will grant the holder an allocation of the project token. The new tokens that the winners receive, will go to their Spot Account (or Unified Trading Account with UTA upgrades), while the remaining committed amount (if any), will be credited back to their Funding Account. If you don't win, the 100 USDT you've committed will be credited back to your Funding Account.

4. LFT/USDT Launch: May 15, 2024, 12PM (noon) UTC

The Spot pair of the new token will be live for trades at this time if liquidity conditions are met.

More Ways to Earn

🎉 Event 1: Token Splash/Deposit and Grab a Share of 600,000 LFT

🗓 Event Period: May 14, 2024, 10PM UTC – May 28, 2024, 8:59AM UTC

Before you get started, click the Register Now button below to register for the event and be eligible for rewards.

[Register Now]

• New Users Exclusive: 600,000 LFT Up for Grabs

Here's how it works: Complete two (2) simple steps during the event period to earn 200 LFT.

Step 1: Sign up for a Bybit account and complete Identity Verification Lv. 1.

Step 2: Accumulate a deposit volume of 700 LFT in your Bybit account during the event period, OR deposit 100 USDT and buy any amount of LFT via your first trade using your Bybit account.

Rewards are limited to 3,000 participants on a first-come, first-served basis.

[Deposit Now]

💰 Event 2: Trade to Earn From a 50,000 USDT Prize Pool

🗓 Event Period: May 14, 2024, 10PM UTC – May 28, 2024, 8:59AM UTC

Before you get started, click the Register Now button below to register for the event and be eligible for rewards.

[Register Now]

During this period, simply trade at least 500 USDT worth of LFT on Spot to earn a share from the 50,000 USDT prize pool.

The more you trade, the larger your share of the prize pool.

Rewards will be capped at 2,000 USDT per user.

[Trade Now]

Terms and Conditions:

Event 1

- Users must click the Register Now button on the event page to participate in the event and be eligible for rewards.

- Users must complete Identity Verification Lv. 1 before the event ends to participate.

- Institutional users and Market Makers are not eligible for this event.

- Only deposits and trades made within the event period will be considered in the reward calculation.

- Users will still be eligible for the event even if they withdraw LFT during the event.

- Deposits made using a Subaccount will not be counted toward this event.

- Deposits made via P2P Trading, One-Click Buy and on-chain transfers will be counted toward this event.

- Rewards will be credited to eligible users' Funding Account, Spot Account, or Unified Trading Account within seven (7) days after the event ends.

Event 2

- Users must click the Register Now button on the event page to participate in the event and be eligible for rewards.

- Only Spot trades of LFT will be counted as eligible trading volume for this event. The accumulated trading volume is the total amount of LFT users buy and sell on Spot within the event period.

- Only trades made within the event period will be considered in the reward calculation.

- Trades made using a Subaccount or Trading Bots will be counted toward this event.

- Users must complete Identity Verification Lv. 1 before the event ends to participate in the event.

- Rewards will be credited to eligible users' Funding Account, Spot Account, or Unified Trading Account within seven (7) days after the event ends.

General

- Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent or harmful purposes.

- Bybit reserves the right to modify the terms of this event without notifying users in advance.

- Bybit reserves the right of final interpretation of this event. If you have any questions, please contact our Customer Support.